Northern Nevada gets $93 million for geothermal projects
Nevada energy companies will receive nearly $93 million in federal grants to develop geothermal power, Energy Secretary Steven Chu announced Thursday.
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The money will fund 20 projects in Northern Nevada and create an estimated 1,100 jobs, said U.S. Sen. Harry Reid, D-Nev., who made the announcement with Chu. It also will benefit Nevada companies developing five projects outside the state.
The grant recipients, most based in Reno, will match the federal funds with private money and nearly triple the number of geothermal power plants in Nevada from 21 to 60, Reid said.
“It’s an understatement to say that this is big news for Nevada,” the senator said. “Once these power plants are complete, they will generate more electricity than the Hoover Dam.”
Northern Nevada’s rich geothermal resources resulted in the state receiving a big chunk of the $338 million in federal grants to be spent throughout the nation.
The grants are being funded by the American Recovery and Reinvestment Act, the stimulus passed by Congress early this year to revive the economy. Read full story:
